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Oct 3, 2012
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that hawill have a big impact wh rates and fiscal cliff issues. when it comes to the fed, all the moves were in anticipation. if you go back and look at the august meeting and how the s&p acted, the dow acted, the weakness in the dollar index, and maybe most of all the rally in mortgages, which could have been the most telegraphed easy trade for the big dogs in the fixed income fund market of all time. but today's adp might have been better, sequentially lower. it doesn't make a different to employment. i have yet to see any research that says qe anything does. >> all right. thank you, all. good to see you. thanks for your thoughts today. appreciate it. >> thank you. >> all right. we're in the final stretch. we have a mixed market for the most part. >> i don't care what you got planned for the afternoon. stick around. we are just getting started on this very busy wednesday edition of the "closing bell." watch. >>> coming up, downloading a dividend? what will apple do with its huge war chest and potentially devastating tax hikes? we'll drill to the
that hawill have a big impact wh rates and fiscal cliff issues. when it comes to the fed, all the moves were in anticipation. if you go back and look at the august meeting and how the s&p acted, the dow acted, the weakness in the dollar index, and maybe most of all the rally in mortgages, which could have been the most telegraphed easy trade for the big dogs in the fixed income fund market of all time. but today's adp might have been better, sequentially lower. it doesn't make a different...
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Dec 5, 2012
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president obama says no deal on the fiscal cliff. >> how does raising tax rates on the rich help the poor. that is what i don't get. true free market capitalism helps everybody. a rising tide lifts all boats. i'm laugrry kudlow we will be right back. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. >> whow does taxing the rich hep the poor rise above poverty and get a job? let's talk to larry elder. he is the author of the great book, "dear father dear son". welcome back. how does taxing successful wealthy people help the poor get out of poverty. well for people who think like i think it doesn't make any sense. but understand something, that is not what this is all about. t
president obama says no deal on the fiscal cliff. >> how does raising tax rates on the rich help the poor. that is what i don't get. true free market capitalism helps everybody. a rising tide lifts all boats. i'm laugrry kudlow we will be right back. two years ago, the people of bp made a commitment to the gulf. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best...
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Nov 29, 2012
11/12
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cliff, you called serious business, extending the lower tax rates -- [ inaudible question ] >> i'm going to do everything i can to avoid putting the american economy, the american people through the fiasco of going over the fiscal cliff. >> which is worse for the economy? [ inaudible question ] could you include a debt limit that is in the overall package? >> as i told the president a couple weeks ago, there's a lot of things i've wanted in my life, but almost all of them had a price tag attached to them. and if we're going to talk about the debt limit in this, then we're -- there's going to be some price tag associated with it. >> last question. >> are you standing by your dollar for dollar -- the increase in the debt limit for cuts? >> are i continue to believe that any increase in the debt limit has to be accompanied by spending reductions that meet or exceed it. >> thank you, mr. speaker. >> speaker boehner speaking to the press outside of the offices on capitol hill. not really yielding any information, though. the intransigence it seems on both sides continues. but it definitely co
cliff, you called serious business, extending the lower tax rates -- [ inaudible question ] >> i'm going to do everything i can to avoid putting the american economy, the american people through the fiasco of going over the fiscal cliff. >> which is worse for the economy? [ inaudible question ] could you include a debt limit that is in the overall package? >> as i told the president a couple weeks ago, there's a lot of things i've wanted in my life, but almost all of them had...
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Nov 26, 2012
11/12
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also following a trend we're watching very closely been closer to the fiscal cliff seen tax rates increase. weight watchers international latest company to declare their dividend and to pay it early. it will pay it out normally they pay the dividend in january but they will have an acceleration of placement of the regular quarterly dividends for the fiscal quarter usually paid out in january, the same amount as always. $0.7.5 per share. normally shareholders would pay a lower tax bracket if we saw the rising cost of oil. david: we're about to see a lot of activity. also expected to see, for example, cases in which people who have been giving out dividends thinking of increasing dividends are buying back their stock instead because the tax penalty for that is a lot less than what it could be. liz: you are seeing the stock altered, shares ending lower. on the floor of the new york stock exchange, some of this obviously they did not go to enough of the movie. nicole: the five day weekend is actually a box office winner. record-setting winner. $290 million. you know what did not participate in
also following a trend we're watching very closely been closer to the fiscal cliff seen tax rates increase. weight watchers international latest company to declare their dividend and to pay it early. it will pay it out normally they pay the dividend in january but they will have an acceleration of placement of the regular quarterly dividends for the fiscal quarter usually paid out in january, the same amount as always. $0.7.5 per share. normally shareholders would pay a lower tax bracket if we...
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Nov 6, 2012
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. >> very quickly on the fiscal cliff. do you expect dividend taxes to go from 15% to 43%? are you expecting a much lower rate if they come to an agreement? >> i think it will be a much lower rate. >> all right. we'll leave it there. great to have you on the program. see you soon. we'll have full coverage of the battle for the white house beginning here at 5:00 p.m. i'll be anchoring the coverage with carl quintanilla beginning at 7:00 p.m. eastern time until the race is decided. big night. >> bring your pajamas. heading toward the close with 20 minutes left. where is the time going? the dow is well off its highs of about 115 points. >> it is. the market may be rallying, but somebody here says the economy is in trouble no matter who wins this election. thz next. >>>s a ahead, some of the nation's wealthiest citizens are spending big bucks on this election on several key ballot measures. robert frank has details on that coming up later. >>> then the road to the white house goes through ohio this year. voters in that state turning out in force to cast their ballots. we'll tak
. >> very quickly on the fiscal cliff. do you expect dividend taxes to go from 15% to 43%? are you expecting a much lower rate if they come to an agreement? >> i think it will be a much lower rate. >> all right. we'll leave it there. great to have you on the program. see you soon. we'll have full coverage of the battle for the white house beginning here at 5:00 p.m. i'll be anchoring the coverage with carl quintanilla beginning at 7:00 p.m. eastern time until the race is...
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Nov 8, 2012
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the fiscal cliff. we've got some news on possible cuts by the ratings agencies. that is ahead. >>> and, you know the chart. down another $12 today. apple near bear market territory over the past two months, almost down 20%. now things just got a little worse and it all has to do with the iphone. are those lines about to vanish? sue is here with me today at headquarters in snowy ec. >> it's my lucky day. the countdown to christmas is on. you know it, i know it and perhaps more importantly the retailers know it. so with 46 days before the big day -- no pressure here -- walmart is launching a strike on the american consumer. black friday will start thanksgiving thursday. courtney reagan starts our coverage. so no lingering over the pumpkin pie. >> no time for that, sue. back friday's just 15 days away. retailers are already trying to one-up each other kicking offer the holiday shopping event even earlier. walmart will begin its black friday door busters at 8:00 p.m. thursday with a full week of savings to follow. the full event begins at 10:00 p.m. world's largest r
the fiscal cliff. we've got some news on possible cuts by the ratings agencies. that is ahead. >>> and, you know the chart. down another $12 today. apple near bear market territory over the past two months, almost down 20%. now things just got a little worse and it all has to do with the iphone. are those lines about to vanish? sue is here with me today at headquarters in snowy ec. >> it's my lucky day. the countdown to christmas is on. you know it, i know it and perhaps more...
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Dec 6, 2012
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. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again we see there's no agreement that done involve those rates going up on the top 2% of the wealthiest. remember it's only 2%. >> former senator alan simpson, co-founder of the fix the debt campaign, choice words and analysis for would-be cliff jumpers. >> when you have leaders of parties and people from the administration saying, i think it will be to the advantage of the democrats to go off the cliff, wealthy it will be advantage to the republicans to go off the cliff or the president to go off the cliff, that's like betting your country. there's stupidity involved in that. this is big-time stuff. >> surprising exactly no one, senator mitch mcconnell took to the senate floor yesterday to blast the administration strategy as a campaign maneuver. >> incredibly, many top democrats, including the president, seem perfectly happy, perfectly happy, to go off the cliff. >> but in a new quinnipiac poll out today, the american public gives the democrats the benefit of the
. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff? >> oh, absolutely. again we see there's no agreement that done involve those rates going up on the top 2% of the wealthiest. remember it's only 2%. >> former senator alan simpson, co-founder of the fix the debt campaign, choice words and analysis for would-be cliff jumpers. >> when you have leaders of parties and people from the administration saying, i think it will be...
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Dec 11, 2012
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speaspeaker they begin now untie are near the fiscal cliff. mortgage rates three and a quarter percent. buyers have been on the sidelines for five years and anxiously been waiting for better news, more consumer confidence to come back out. we had a great spring selling season. now we are selling into the winter. it all feels good. liz: that doesn't usually happen with this much muscle. are there any log jams, or our would-be buyers getting the credit they need to buy the homes? >> our clients can get mortgages. our buyers tend to put a lot more money down. they mortgage a lot less, very high credit ratings. we are not seeing that problem at all. lower price point a little bit of a problem but it is getting better. liz: when you look at parts of the business that have done well. the analyst has taken a bit of a back seat to the actual lending business creating a cash cow for a lot of you guys. how is that doing and we understand the margins are very healthy for a lot of these names that are out there? >> our service is toll brothers, the only c
speaspeaker they begin now untie are near the fiscal cliff. mortgage rates three and a quarter percent. buyers have been on the sidelines for five years and anxiously been waiting for better news, more consumer confidence to come back out. we had a great spring selling season. now we are selling into the winter. it all feels good. liz: that doesn't usually happen with this much muscle. are there any log jams, or our would-be buyers getting the credit they need to buy the homes? >> our...
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Dec 6, 2012
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in a fiscal cliff free fall, tax rates on capital gains could rise to 24%. those dividends could increase to a whopping 44%. here now is former reagan economic adviser art laugher. how can you have capitalism without capital and why is there a war on capital, that includes cap gains, that includes dividends which will triple. it also includes the estate tax. why is there a war on capital? >> i have no idea, larry. i think it's just pure politics. but it's sort of lovely the words and looking them up. i understand that the french don't have a word for entrepreneur or laissez faire. [ laughter ] >> because they never use it. >> they never use it. economics is all about incentives. if you tax people who work, you pay people who don't work, don't be surprised if you find a lot of people not working. it's the rich issue here, which is just fascinating to me. if you tax rich people and give the money to poor people, you're going to get lots and lots of poor people and very few rich people. just look at what happened in britain two years ago when gordon brown raise
in a fiscal cliff free fall, tax rates on capital gains could rise to 24%. those dividends could increase to a whopping 44%. here now is former reagan economic adviser art laugher. how can you have capitalism without capital and why is there a war on capital, that includes cap gains, that includes dividends which will triple. it also includes the estate tax. why is there a war on capital? >> i have no idea, larry. i think it's just pure politics. but it's sort of lovely the words and...
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. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff in. >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. it's only 2%. >> i want to bring in "usa today" bureau chief and welcome to both of you. where are we in these negotiations, susan? >> i think the most encouraging thing was they agreed to the to characterize the phone call. the last time around the characterization of the phone call became a controversy in itself. i think it's pretty clear that the white house and republicans think the white house hand on this is strengthening. we see the polls that you mention, pew polls this week say americans trust the president more, assume if a deal is not reached -- trust the white house more, think if a deal isn't reached it, will be the fault of republicans and it is in fact easier for democrats to go over the fiscal cliff than it is for republicans because then all those tax cuts from the republicans are swept away. but it's too early. it's only december 6. we've
. >> if republicans do not agree to that, is the administration prepared to go over the fiscal cliff in. >> absolutely. there's no prospect to an agreement that doesn't involve those rates going up on the top 2% of the wealthiest. it's only 2%. >> i want to bring in "usa today" bureau chief and welcome to both of you. where are we in these negotiations, susan? >> i think the most encouraging thing was they agreed to the to characterize the phone call. the last...
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Dec 5, 2012
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we were talking about the so-called fiscal cliff, if that happens, automatically taxes are going to go up for everyone. maybe, then, someone would ask, who was it that said we shouldn't just pass the tax cuts to make certain that the working poor and the middle class get it, who stopped us and who pushed us over the cliff. it won't be the democratic minority in the house of representatives. >>eric: always good to talk to you congressman rangel. good to see you, sir. paying for complaining is the wrath a restaurant chain is facing for speaking out on the president's health care law going to hush others up? not if herman cain has his say. he is next. you won't take my life. you won't take our future. aids affects us all. even babies. chevron is working to stop mother-to-child transmission. our employees and their families are part of the fight. and we're winning. at chevron nigeria, we haven't had a reported case in 12ears. aids is strong. aids is strong. but we are stronger. and aids... ♪ aids is going to lose. aids is going to lose. ♪ tdd#: 1-800-345-2550 at schwab, we're committed
we were talking about the so-called fiscal cliff, if that happens, automatically taxes are going to go up for everyone. maybe, then, someone would ask, who was it that said we shouldn't just pass the tax cuts to make certain that the working poor and the middle class get it, who stopped us and who pushed us over the cliff. it won't be the democratic minority in the house of representatives. >>eric: always good to talk to you congressman rangel. good to see you, sir. paying for complaining...
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Nov 14, 2012
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somebody is going to have to blink or we go over the fiscal cliff. my next guest knows all about fiscal cliff uncertainty and its effect on the individual investor. walter bettinger is ceo of charles schwab. the market certainly feels pessimistic. we are looking at another 200-point decline today. the market is down 5% since the president was re-elected. what are you hearing from clients? >> clients are really concerned. there is pessimism among investors. there's great uncertainty. we have a lack of confidence. they're looking to washington for leadership to address meaningful issues. right now they're doubtful they're going to see it. >> right wha do you think it's going to take to get the vej back into this market? the individual, i feel like, has been gone for a little while now. >> 10, 12 years it feels like. >> it really does. >> i think it's going to take a settlement in washington. it's going to take compromise. it's going to take a belief that we're actually on a path as a country from a fiscal stand point that is reasonable, that is sustain
somebody is going to have to blink or we go over the fiscal cliff. my next guest knows all about fiscal cliff uncertainty and its effect on the individual investor. walter bettinger is ceo of charles schwab. the market certainly feels pessimistic. we are looking at another 200-point decline today. the market is down 5% since the president was re-elected. what are you hearing from clients? >> clients are really concerned. there is pessimism among investors. there's great uncertainty. we...
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Dec 12, 2012
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cliff and that low interest rate environment. and actually this morning, the ceo of goldman sachs actually just went ahead and called it a bond bubble. too many companies borrowing too long-term and those cheap rates. very interesting comment. and this afternoon, some private eck by can i titans piggy backed that, talking about what the costs mean for the u.s. government especially when it is negotiating the fiscal cliff. >> you should really get an aggressive deal done, because it's for sure clear you're going to have an upward move in interest rates and when it does, we'll be in the same soup again. >> right now, we're spending about $250 billion more or less on interest. if we had normalized interest rates, what you normally would think at this kind of period of time, post-recession, we would be spending $600 billion a year for interest, given how much we're borrowing. we're not spending that much because interest rates are so low. >> so, rubenstein saying we'll incur those prices at a later date, but another said it will pay
cliff and that low interest rate environment. and actually this morning, the ceo of goldman sachs actually just went ahead and called it a bond bubble. too many companies borrowing too long-term and those cheap rates. very interesting comment. and this afternoon, some private eck by can i titans piggy backed that, talking about what the costs mean for the u.s. government especially when it is negotiating the fiscal cliff. >> you should really get an aggressive deal done, because it's for...
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Dec 16, 2012
12/12
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the clock is ticking, and we're not that far from december 31, the fiscal cliff. i think it is important that we kind of take a step back and remember what the fiscal cliff is all about. it is when the tax rate -- across the board, our current tax code expires. if congress does not take action, it would be a $3.5 trillion tax increase oned american people. it would impact nearly everyone. it would cost us two million jobs, a double-dip recession, and in addition to that, we also have see quest racial -- sequestration, which is looming. the across-the-board cuts would be a million jobs lost in the defense industry. there is a lot on our plate right now, and i think -- yes? >> do you think any progress has been made out of those meetings? i think the speaker and the president have tried to have a frank discussion but did not disclose any tangible progress made. do you have any reason to believe there has been proog -- progress? >> i haven't heard the details. in what the speaker has told me, he has been disappointed that the president seems to be heading in the oppo
the clock is ticking, and we're not that far from december 31, the fiscal cliff. i think it is important that we kind of take a step back and remember what the fiscal cliff is all about. it is when the tax rate -- across the board, our current tax code expires. if congress does not take action, it would be a $3.5 trillion tax increase oned american people. it would impact nearly everyone. it would cost us two million jobs, a double-dip recession, and in addition to that, we also have see quest...
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Dec 7, 2012
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the truth is, the best thing we could do is go over the fiscal cliff. we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get back hooked in. howard, what about the notion that i'm posing tonight -- i've said this a few times -- republicans better be careful. they're not going down your road and the democrats aren't going down your road. you have middle class tax cuts for the democrats and it sometimes sounds to me as an old reagan conservative that the republicans better watch themselves because sometimes it sounds like they are kind of defending rich people. that's their whole mantra, just defending rich people. and i think that's not where they should be. >> i would agree. if i were politic
the truth is, the best thing we could do is go over the fiscal cliff. we have the same tax rates that we have when bill clinton was president. significant cuts in defense and also significant human services can you tell us. >> katie, let me ask you, before you respond to what governor dean is saying. there is logic to what howard dean is saying. i don't happen to agree with it. but i know where he's coming from. katie, let me ask you this -- katie can't hear me. we'll wait for her to get...
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Oct 11, 2012
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it was an interesting conversation where we talked about the fiscal cliff, resolving the deficit, and got inside goldman's business a bit. a lot of it was concerned with the warnings. >> if we do nothing, next year you'll have the rate of growth slow to somewhere like 3 to 5%. you'll have unemployment go up another 2% to around above 9%, and 2 million more people will lose their jobs. and we're doing nothing about it. >> it's very serious. i think the candidates know how serious it is. i think they're trying to avoid it, maybe in part because it is so consequential and serious. maybe the ideas that would have to be put forward will be unattractive to some people. obviously we're in a position where new discipline is going to have to be imposed. people are going to be disappointed in the consequence. >> they worship the god of re-election. they're figuring that out and how to duck every hot issue before november 6th. then erskine says the whirlpool of $7 trillion is going to hit us like a rainstorm. >> people are never going to understand how critical this particular time in history is
it was an interesting conversation where we talked about the fiscal cliff, resolving the deficit, and got inside goldman's business a bit. a lot of it was concerned with the warnings. >> if we do nothing, next year you'll have the rate of growth slow to somewhere like 3 to 5%. you'll have unemployment go up another 2% to around above 9%, and 2 million more people will lose their jobs. and we're doing nothing about it. >> it's very serious. i think the candidates know how serious it...
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cliff in which everything from payroll taxes to full tax rates will go up. >>> in our fourth story, under attack by hackers. this was pretty incredible because the white house today confirmed that its military office was the target of a cyber attack with a suspected atta attacker, china. this is the office responsible for the united states of america's nuclear ar warplane. now, cnn has learned this was an unclassified network which was hit. officials say they dealt with the threat, but these attacks are relentless and the pentagon encounters thousands of them a day. how does washington keep up with this threat? cedrick layden, colonel, great to see you. the white house is saying we dealt with this, still, this is the white house. this is an office which is responsible for the united states of america's nuclear war plans how. how serious was this. >> it's great to see you, too, but this is too close for comfort when it comes to hacking attacks, especially when it comes to protecting the nuclear codes and anything else that is sensitive from a military nature. the white house military
cliff in which everything from payroll taxes to full tax rates will go up. >>> in our fourth story, under attack by hackers. this was pretty incredible because the white house today confirmed that its military office was the target of a cyber attack with a suspected atta attacker, china. this is the office responsible for the united states of america's nuclear ar warplane. now, cnn has learned this was an unclassified network which was hit. officials say they dealt with the threat, but...
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Sep 2, 2012
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cliff, the tax cuts expiring, the spending programs expiring. all this has led the economists to say that the rate could topple 20% and we could see recession. what is your take on the bush tax cuts? should they be extended? >> well, as you know the president has looked forward to the discussion with congress and the senate, and hopefully we can get to some sort of resolution where we don't go off the cliff. because it was never our intention to do that. and right now we can close the gap if we just allow the revenues to be raised and put the focus on the individuals who could afford to pay more on the increase in their taxes, and that would be the millionaires and billionaires. >> well, let's be fair, taxes are going up for more than anyone making $200,000. so that is not exactly a millionaire or billionaire. so should we really have the stand off on the raises on the taxes for a portion of people when everybody is waiting in the balance to see while this fiscal cliff waits in the balance and everybody is waiting to see what happens. because ev
cliff, the tax cuts expiring, the spending programs expiring. all this has led the economists to say that the rate could topple 20% and we could see recession. what is your take on the bush tax cuts? should they be extended? >> well, as you know the president has looked forward to the discussion with congress and the senate, and hopefully we can get to some sort of resolution where we don't go off the cliff. because it was never our intention to do that. and right now we can close the gap...
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Aug 24, 2012
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that's a huge part of the fiscal cliff. >> on tiny sliver that he even he acknowledges. >> kill about 700,000 jobs according to young. >> deficit. >> small amount of money. >> bill clinton has said nice things about mitt romney and the style of bill clinton is not to key monday nice opposition. i hope that barack obama also is telling us no more demonization. no more attacks. i'm going to debate the issues the way mitt romney can call a good man, patriotic man, let's debate the issues. >> kirsten, do you think that demonization is over from the obama campaign. >> keep laughing. if i get kirsten to laugh then i know. this is a good segment. >> all right. lanny. continuing to tout economic recovery but the numbers tell quite a different story. we have a special report. later a brand new poll shows mitt romney in the lead over barack obama. we will break down those numbers when we come back. [ male announcer ] when this hotel added aflac to provida better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out mo
that's a huge part of the fiscal cliff. >> on tiny sliver that he even he acknowledges. >> kill about 700,000 jobs according to young. >> deficit. >> small amount of money. >> bill clinton has said nice things about mitt romney and the style of bill clinton is not to key monday nice opposition. i hope that barack obama also is telling us no more demonization. no more attacks. i'm going to debate the issues the way mitt romney can call a good man, patriotic man,...
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Dec 10, 2012
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so he is saying, ok, by the end of this year, to get a deal to avoid the fiscal cliff, let rates go up for top earners. and then i'm willing to be flexible and revisit the changes to medicare and social security. and also i'm willing to bring those rates back down to somewhere in between the 35% where they are now and the 39.6% that that they would go up to. >> is the feeling in the white house, sure, we'll do that because republicans will get the blame? the pugh survey came out indicating who would get the blame if you do go over the cliff. squarely against the republicans. they would more likely get the blame. that's what you heard as bob pointed out from senator durbin as well, that they would own the recession that would follow. >> i don't know how that ends up playing out. but i think when you talk about the feeling at the white house, there's a palpable difference now compared to 2011, the summer of 2011. they are so much cockier right now at the white house than they were a year and a half ago when they were doing this. they really believe they have set out, we're not going to n
so he is saying, ok, by the end of this year, to get a deal to avoid the fiscal cliff, let rates go up for top earners. and then i'm willing to be flexible and revisit the changes to medicare and social security. and also i'm willing to bring those rates back down to somewhere in between the 35% where they are now and the 39.6% that that they would go up to. >> is the feeling in the white house, sure, we'll do that because republicans will get the blame? the pugh survey came out...
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Nov 15, 2012
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would you be comfortable with the fiscal cliff that kept the rates the same but limited their deductions. >> you know, my main focus would be to ensure that the middle class are restored. in order to do that we cannot allow the bush tax cuts to continue. we must focus on saving medicare and social security. tax reform raises many proposals. the question of rates. the question of deductions. and i think it's dangerous to not look back and reflect on what got uz into a positive economy. it created 20 million jobs. higher rates in terms of tax rates for the healthy and created a tax scheme, if you will, a structure that protected the middle class. that's what i'm interested in along with entitlements that are a safety net for the middle class, and we're not prepared to look any way that would undermine those protective nets. in that means rates have to go higher for the wealthy, then i think the wealthy who voted for president obama in large numbers understand the mutual sacrifice necessary to build and continue to build the economy. it's already building. we need everyone to commit to a sa
would you be comfortable with the fiscal cliff that kept the rates the same but limited their deductions. >> you know, my main focus would be to ensure that the middle class are restored. in order to do that we cannot allow the bush tax cuts to continue. we must focus on saving medicare and social security. tax reform raises many proposals. the question of rates. the question of deductions. and i think it's dangerous to not look back and reflect on what got uz into a positive economy. it...
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Nov 2, 2012
11/12
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FOXNEWSW
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all the expiring policies known as the fiscal cliff, rich. >> wall street didn't like something today. >> it was better than expected. first the stocks went higher and then they went south. they blame the costs of hurricane sandy and the dow drops 140, the s&p 13 and phase back 38. >>. >> the president and gov. romney that different reaction to the jobs numbers. we will check in with each campaign as it battles for one of the biggest swing states on the map with now four days to go. from the journalist of fox news, this is the friday fox report. it's led and it has great picture quality. i don't know... it's ultralim... maybe next year. you cod always put it on layaway and pay a little at a time. alright. we'll take it! ah! i love you! hmm! ahem. football. [ male announcer ] shop now. get the hottest brands on your list today... like the lg 55 inch led tv. and put it on layaway now so you have more time to pay. walmart. ♪ [ male announcer ] this is karen and jeremiah. they don't know it yet, but they're gonna fall in love, get married, have a couple of kids, children laughing ] move
all the expiring policies known as the fiscal cliff, rich. >> wall street didn't like something today. >> it was better than expected. first the stocks went higher and then they went south. they blame the costs of hurricane sandy and the dow drops 140, the s&p 13 and phase back 38. >>. >> the president and gov. romney that different reaction to the jobs numbers. we will check in with each campaign as it battles for one of the biggest swing states on the map with now...
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Oct 12, 2012
10/12
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FOXNEWSW
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there is no reason to wait if it looks like the fiscal cliff increases are going to be intact. if obama is re-elect asked we have a mixed congress we will have a big fight on our hands and you will see a negative reaction in the stock market for those reasons alone. fought to mention the fact that businesses off budget in october and they cannot budget now. they put off their budget like the congress, reacting to congress. they can fought get a budget done because they don't know what the rules are. this is having a huge negative impact on the u.s. economy and it is all right the most sadistic tax code in the word. >>neil: the twin hits will be substantial. a pox on both parties for bringing it to the brink. thank you very much. is congress just trying to wait this thing out until the election results are in? it has south carolina congressman very worried. you have said time is awasting and it is up to both parties to put something together. it doesn't look like they will ahead of the election, and maybe because they think maybe republicans think if romney were elected, maybe e
there is no reason to wait if it looks like the fiscal cliff increases are going to be intact. if obama is re-elect asked we have a mixed congress we will have a big fight on our hands and you will see a negative reaction in the stock market for those reasons alone. fought to mention the fact that businesses off budget in october and they cannot budget now. they put off their budget like the congress, reacting to congress. they can fought get a budget done because they don't know what the rules...
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Jul 12, 2012
07/12
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CNBC
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cliff, or waiting for higher rates. they're waiting for things that will not be resolved in the near term. it's creating a lot of frustration. >> ben, you need a strategy for the short-term and for the long term. how do you trade this market? >> u think we will be choppy no doubt. one of the other things we're waiting for is more monetary easing. and i think there is disappointment there. don't know whether we get that this summer. so i think we're still looking at choppy markets. we're still, basically, equal weight equities. we're starting to move into commodities a little more. it has been hit harder than equities so there might be opportunities there. we still think we grind higher by the end of the year and that will not start happening until the pal. >> let's talk about earnings. we're about to learn what jpmorgan will report, what are you expecting? >> not much. let's talk about sentiment. the american association of american investors, the bullish sentiment in the market is 30%. that's lou the historical average
cliff, or waiting for higher rates. they're waiting for things that will not be resolved in the near term. it's creating a lot of frustration. >> ben, you need a strategy for the short-term and for the long term. how do you trade this market? >> u think we will be choppy no doubt. one of the other things we're waiting for is more monetary easing. and i think there is disappointment there. don't know whether we get that this summer. so i think we're still looking at choppy markets....
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Dec 7, 2012
12/12
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MSNBCW
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the timing is interesting, obviously, just as we're learning that fiscal cliff negotiations are now a party of two, the president and the speaker. the "new york times" reporting that house speaker john boehner wants to speak only to president obama out of public view. though we've just learned that boehner is holding a news conference at 11:00 this morning eastern time. the fight, though, still very public. vice president joe biden is meeting with a middle class family. and yesterday president obama met with a virginia family. tax hikes for the rich are nonnegotiable. >> just to be clear, i'm not going to sign any package that somehow prevents the top rate from going up for folks at the top 2%. but i do remain optimistic that we can get something done that is for families like this one. >> joining me now is barry, msnbc political contributor and editor for grio. hello, guys. >> perry, i'm wondering if these new unemployment numbers add to the president's leverage? >> i think they do. the big thing is the election. but the jobs numbers suggest that the economy is doing well and it cuts
the timing is interesting, obviously, just as we're learning that fiscal cliff negotiations are now a party of two, the president and the speaker. the "new york times" reporting that house speaker john boehner wants to speak only to president obama out of public view. though we've just learned that boehner is holding a news conference at 11:00 this morning eastern time. the fight, though, still very public. vice president joe biden is meeting with a middle class family. and yesterday...
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Dec 4, 2012
12/12
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MSNBCW
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cliff stalemate started. no deal until republicans drop the opposition to raising tax rates on the wealthy. that's the president's message. we'll play the interview for you, parts of it, and also hear from democratic congressman adam schiff. from the president shooting down speaker boehner proposal to now conservative groups going aafter him, who are boehner's allies at this point. where is governor jan brewer. the mystery about the out of state business trip and why his own spokesperson says he can't disclose where she is. bp has paid over twenty-three billion dollars to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. now we need a little bit more... [ male announcer ] at humana, we understand the value of
cliff stalemate started. no deal until republicans drop the opposition to raising tax rates on the wealthy. that's the president's message. we'll play the interview for you, parts of it, and also hear from democratic congressman adam schiff. from the president shooting down speaker boehner proposal to now conservative groups going aafter him, who are boehner's allies at this point. where is governor jan brewer. the mystery about the out of state business trip and why his own spokesperson says...
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Oct 12, 2012
10/12
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CNBC
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dimon said fiscal cliff worries could cause a further stall there in the fourth quarter. for wells the revenue miss was accompanied by a 25 basis point drop in margins, much larger than the market had expected. and not much near-term relief in sight. organic loan growth at wells is slowing hurting the bank even more. while executives tried to reassure the market, ceo john stump says he's focused on returning capital to investors and the ceo says he's still open to accusations. not much in today's release to get excited about. the biggest problem for both of these banks they thought the headwinds plaguing them in qe3 were at least around for the next few quarters. >>> we are watching apple and amazon today. reports that apple is expected to unveil its highly anticipated miniipad at an october 23rd event. meanwhile, amazon's ceo says he's actually not making any money when he sells a kindle device. our tech reporter jon fortt in silicon valley with two very different business models for the tablets. jon? >> tyler, this october 23rd date for apple is interesting for a couple
dimon said fiscal cliff worries could cause a further stall there in the fourth quarter. for wells the revenue miss was accompanied by a 25 basis point drop in margins, much larger than the market had expected. and not much near-term relief in sight. organic loan growth at wells is slowing hurting the bank even more. while executives tried to reassure the market, ceo john stump says he's focused on returning capital to investors and the ceo says he's still open to accusations. not much in...
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Dec 13, 2012
12/12
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FBC
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here is the speaker of the house, john boehner. >> to avert the fiscal cliff with a bipartisan agreement. that is truly solid and begins to solve our spending problem. the president still has not made an offer that meets those two standards. republicans have. the president promising american people a balanced approach, his proposals have been anything but. instead of beginning to solve our debt problem, he wants new stimulus spending and the ability to raise the debt limit whenever he wants without any cuts or reforms. that is clear that the president is not serious about cutting spending. the spending is the problem. how big a problem? i look at this report put together by paul ryan and the budget committee. here, if the president got everything he wanted, $1.4 trillion in taxes, this is what that would represent. if you look at the spending problem, you see it does nothing. nothing to solve the spending power of our country has. republicans want to solve this problem by getting the spending line down. the president wants to pretend the spending is not the problem. that is why we do not
here is the speaker of the house, john boehner. >> to avert the fiscal cliff with a bipartisan agreement. that is truly solid and begins to solve our spending problem. the president still has not made an offer that meets those two standards. republicans have. the president promising american people a balanced approach, his proposals have been anything but. instead of beginning to solve our debt problem, he wants new stimulus spending and the ability to raise the debt limit whenever he...
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Nov 29, 2012
11/12
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MSNBCW
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we go over the fiscal cliff rates reset under bill clinton and you're negotiating a tax cut not a tax increase. other thing the way weight of public opinion since that level has moved strongly against republicans. look who the public says they're going to blame if we go over the cliff, it's republicans because they see them as having forced the issue last time around, been willing to do this this time around. one reason boehner is grumbly and nervous because he doesn't have any leverage. >> i want to point this out. this is interesting in terms of the smoke and mirrors how this will play out for the republicans. in the "wall street journal" they write obama's flexible on highest tax rates. white house's flexibility, described by bowls, confirmed by the administration officials, could envision tax rates -- tax rate increase from the current level but was less than clinton era levels. if the republicans can say, we cut taxes from where they were under clinton it gives them cover though rates may go up. a weird, if there is an act of kabuki theater that would be it, right. >> i see a par
we go over the fiscal cliff rates reset under bill clinton and you're negotiating a tax cut not a tax increase. other thing the way weight of public opinion since that level has moved strongly against republicans. look who the public says they're going to blame if we go over the cliff, it's republicans because they see them as having forced the issue last time around, been willing to do this this time around. one reason boehner is grumbly and nervous because he doesn't have any leverage....
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Dec 4, 2012
12/12
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with the fiscal cliff three weeks away, it's absolutely crazy to be talking at that level of nonspecificity. and then, yes, you're right. you're talking about not just holding tax rates where they are, which wouldn't really work for high income people, but lowering tax rates and then making up your spending cuts by kicking the heck out of social insurance perhaps, medicare, medicaid, and social security. this is big time robin hood in reverse without any specifics at absolutely the worst time. >> professor peterson, grover norquist appears to think the president regards himself as a monarch preparing for coronation. take a listen to what he told my colleague, alex wagner, earlier today. >> and he thinks somebody made him king and he's going to have more taxes, more spending, and more regulations. it's a real problem for him. he doesn't have the mandate he thinks he does. so i think he takes us over the cliff because he doesn't -- he's got blinders on. he doesn't see where he stands in the universe. >> the president will take us over the cliff because he doesn't understand his place in the u
with the fiscal cliff three weeks away, it's absolutely crazy to be talking at that level of nonspecificity. and then, yes, you're right. you're talking about not just holding tax rates where they are, which wouldn't really work for high income people, but lowering tax rates and then making up your spending cuts by kicking the heck out of social insurance perhaps, medicare, medicaid, and social security. this is big time robin hood in reverse without any specifics at absolutely the worst time....
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Dec 12, 2012
12/12
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FBC
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they say we are over the fiscal cliff, unless tax rates go up. the sign will come from the fed. we will know in the next 90 minutes. former atlanta fed joins us now. how is the decision connected, do you think, to the fiscal cliff? >> it has to do with balancing risks. they do not want to risk the recovery that we have underway already, even though it is slow. i expect two things. first, they will not change policy. they will continue quantitative easing. they will probably stop operation twist. simply because they do not have anyone short-term securities of any significance to sell. they will continue the asset buying programs as a hedge against going over the cliff. connell: all these names that we have become familiar with, you mentioned operation twist and quantitative easing, one, two, three, the speculation about four. basically, easy on it. policy. you are telling us, and a lot of people expect, they are worried about what the fiscal people are doing or not doing. >> they do not have to with interest rates so low. >> well, that is the trade-off. a lot of people think that
they say we are over the fiscal cliff, unless tax rates go up. the sign will come from the fed. we will know in the next 90 minutes. former atlanta fed joins us now. how is the decision connected, do you think, to the fiscal cliff? >> it has to do with balancing risks. they do not want to risk the recovery that we have underway already, even though it is slow. i expect two things. first, they will not change policy. they will continue quantitative easing. they will probably stop operation...
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Dec 14, 2012
12/12
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FBC
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eye 159
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cliff and nearly every federal tax rate is said to increase. if that happens, what will the house of representatives due to lack if you do not have a deal by monday, you start, at least, procedurally, for getting this thing entirely. conversations continue, but, still, no real progress. dagen: thank you, rich. scott miner says it is greatly over stated. how is it overstated? >> well, i think, at this stage of the game, the market already assumes it is not likely we are going to get a deal. because they assume we are not going to get a deal, we are pricing for one of the worst case scenarios. if we just went off the cliff, at this stage of the game, removing that uncertainty from the market would result in a rally from the equities. i think it is a good entry point in the next few weeks. dagen: we were looking at the ten year treasury and the yields have gone back up. i have heard people say the yield should be at 1.2% if we end up going over that live. you do not buy that, you do not think there will be a rally and money coming out of the stock
cliff and nearly every federal tax rate is said to increase. if that happens, what will the house of representatives due to lack if you do not have a deal by monday, you start, at least, procedurally, for getting this thing entirely. conversations continue, but, still, no real progress. dagen: thank you, rich. scott miner says it is greatly over stated. how is it overstated? >> well, i think, at this stage of the game, the market already assumes it is not likely we are going to get a...
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Sep 17, 2012
09/12
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CNBC
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eye 184
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that may not be the one area you don't want to be a part of because if we jump off that fiscal cliff you're looking aat dividend tax rate going up. that could hurt those. moving forward, consumer discretionary should do wonderful next year. build up the war chest while you can in the fourth quarter because next year should be lights out. a great year for the bulls. >> thanks, everybody. see you soon. we have a market down 47 points on dow. let's get to jackie from market flash. >> hey, watching shares of vivas getting a nice pop as it announces public availability of obesity drug. we were looking at fourth quarter launch of this drug. our physician prescribe the drug? looking at a pop of more than 3%. 22.7. we'll watch vivus. >>> heading toward the close, anything can happen. down 48 points. that's nothing, though. this market can turn on a dime. will it be 14 down mondays in the last 15 or not? we'll find out. >> 14,164, the all-time high on the dow industrials. don't touch that dial. a lot more headed your way on this special edition of "closing bell." >>> coming up -- not so fast.
that may not be the one area you don't want to be a part of because if we jump off that fiscal cliff you're looking aat dividend tax rate going up. that could hurt those. moving forward, consumer discretionary should do wonderful next year. build up the war chest while you can in the fourth quarter because next year should be lights out. a great year for the bulls. >> thanks, everybody. see you soon. we have a market down 47 points on dow. let's get to jackie from market flash. >>...
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Aug 13, 2012
08/12
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CNBC
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. >> where does this fiscal cliff issue go? >> we obviously announced a couple of months ago next week we are extending the entire tax code. all the tax rates, for a year with fast track procedures to do fundamental tax reform next year. the senate is trying to preempt that by saying we will extend just some rates and let the rates on the higher two brackets go which is the tax unsuccessful small businesses horrible for economic growth and effective top marginal tax rate of 44.8% in january. so we are knot going to pass that and they are not going to pass the one-year extension. that obviously kicks us into lame duck. what this all means, maria, whoever win this election, basically is going to determine what this all looks like next year. >> i mean, leaving people's -- lives in the balance -- >> i agree with that. >> no decision until the -- after the election. then you talk about a month and half to get something done and you know that won't happen. talking about a 2013 affair. what happens to jobs and all that time? what happ
. >> where does this fiscal cliff issue go? >> we obviously announced a couple of months ago next week we are extending the entire tax code. all the tax rates, for a year with fast track procedures to do fundamental tax reform next year. the senate is trying to preempt that by saying we will extend just some rates and let the rates on the higher two brackets go which is the tax unsuccessful small businesses horrible for economic growth and effective top marginal tax rate of 44.8% in...
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Aug 14, 2012
08/12
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CNBC
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. >> the fiscal cliff edging closer every day. i was waiting for it. >> here comes the video, cue it. >> later, we'll be joined live from iowa with the success rate of high-tech seeds aimed at weathering droughts like the one happening right now. >>> plus, shocker, rich kids behaving badly. what they need to do to keep their children from turning into brats so they don't post foess like this on quitter and embarrass everybody about what they're doing with their parents money. this is disgusting. >> shocking. . sometimes investing opportunities are hard to spot. you have to dig a little. fidelity's etf market tracker shows you the big picture on how different asset classes are performing, and it lets you go in for a closer look at areas within a class or sector that may be bucking a larger trend. i'm stephen hett of fidelity investments. the etf market tracker is one more innovative reason serious investors are choosing fidelity. get 200 free trades today and explore your next investing idea. [ male announcer ] let's say you need t
. >> the fiscal cliff edging closer every day. i was waiting for it. >> here comes the video, cue it. >> later, we'll be joined live from iowa with the success rate of high-tech seeds aimed at weathering droughts like the one happening right now. >>> plus, shocker, rich kids behaving badly. what they need to do to keep their children from turning into brats so they don't post foess like this on quitter and embarrass everybody about what they're doing with their...
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Nov 11, 2012
11/12
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KPIX
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eye 189
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>> fair is not an option for the country when it comes to the fiscal cliff. say yes to simpson-bowles, mr. president. i'm willing to say yes to simpson-bowles. we need more revenue in washington. we need more private sector jobs. we don't need to raise tax rates. we need to limit loopholes for the wealthy. mr. simpson, if you say yes to simpson-bowles when it comes to revenue, so will i and so will most republicans. we can get revenue without destroying jobs and both need to. no republican will vote for increased tax rates. we will insist our democratic friends reform entitlements something we've never done ask that's where the big money is at. say yes to simpson-expwoalz we'll get this behind us. >> schieffer: senator, thank you so much. and now we're going to get the other side of this picture. and joining us now, one of the architects of the president's victory, his senior campaign adviser, david axelrod, who is out in chicago. mr. axelrod, thank you so much for joining us. let me just start, on friday, the president said he was open to compromise, but he
>> fair is not an option for the country when it comes to the fiscal cliff. say yes to simpson-bowles, mr. president. i'm willing to say yes to simpson-bowles. we need more revenue in washington. we need more private sector jobs. we don't need to raise tax rates. we need to limit loopholes for the wealthy. mr. simpson, if you say yes to simpson-bowles when it comes to revenue, so will i and so will most republicans. we can get revenue without destroying jobs and both need to. no...
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139
Oct 15, 2012
10/12
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FBC
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eye 139
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cliff, and that will help the economy grow at a faster rate. connell: cheryl and dennis coming up on markets now. look, if you have copd like me, you know ican be hard to breat. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copflare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropiumbrr does not replace fasacting inhalers for sudden symptoms. tell your doctor if you have kidney problems, glaucoma, trouble urinating, or an enlarged prostate. these may worsenith spiriva. discuss all medicines you take, even eye drops. stop taking spiriva and seek immediate medical help if your breathing suddenly worsens, your throat or tongue swells, you get hives, vision changes or eye pain, or problems passing urine. other side effects include dry mouth and constipation. nothing can reverse copd spiriva helps me breathe better. (blowing sou) ask your doctor about spiriva. man on tv: ...rbis and homer
cliff, and that will help the economy grow at a faster rate. connell: cheryl and dennis coming up on markets now. look, if you have copd like me, you know ican be hard to breat. copd includes chronic bronchitis and emphysema. spiriva helps control my copd symptoms by keeping my airways open for 24 hours. plus, it reduces copflare-ups. spiriva is the only once-daily inhaled copd maintenance treatment that does both. spiriva handihaler tiotropiumbrr does not replace fasacting inhalers for sudden...
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Nov 29, 2012
11/12
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CNBC
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eye 99
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he says because we're at the zero balance, interest rates were zero, the effect of the fiscal cliff is getting much worse than if the fed were not at zero. >> because they could do something. >> the only positive thing which dudley did not talk about but it is something that's on the radar is that, as the fiscal cliff fears rise, interest rates fall on the 10-year. so the effect the fed would have from easing is already in -- already happening as a market reaction. >> steve, thank you. >>> when jeff kilburg is not fired up about the irish he is fired up about what mr. dudley said today. why? >> absolutely. he came out with very dovish comments. he lass a permanent vote and he is quite the confidant of ben bernanke. so he flat-out gave a wink-wink, there's something big coming in less than two weeks. >> he's been a dove for a long time though. no change but just to hear it articulated gives you some sense of -- >> it does. this could be a one-two punch. if the fomc comes out with additional measures, subsequent week later, all of a sudden they have the fiscal cliff resolution, bam, we c
he says because we're at the zero balance, interest rates were zero, the effect of the fiscal cliff is getting much worse than if the fed were not at zero. >> because they could do something. >> the only positive thing which dudley did not talk about but it is something that's on the radar is that, as the fiscal cliff fears rise, interest rates fall on the 10-year. so the effect the fed would have from easing is already in -- already happening as a market reaction. >> steve,...